Published on 11/2/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.27 million barrier securities on Dow, S&P, Nasdaq
By Kiku Steinfeld
Chicago, Nov. 2 – Citigroup Global Markets Holdings Inc. priced $1.27 million of 0% barrier securities due July 30, 2026 linked to the least performing of the Nasdaq-100 index, the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If each index finishes above its initial level, payout will be par plus 1.195 times the return of the least-performing index.
If the least-performing index finishes below its initial level but at or above its final barrier level, 50% of its initial level, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline of the least-performing index from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying indexes: | Dow Jones industrial average, S&P 500 index, Nasdaq-100 index
|
| Amount: | $1,266,000
|
| Maturity: | July 30, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above initial level, par plus 1.195 times the gain of the least-performing index; if any index finishes below its initial level but at or above its final barrier level, par; otherwise, 1% loss for each 1% decline of the least-performing index from its initial level
|
| Initial levels: | 35,058.52 for Dow, 4,401.1956 for S&P, 14,956.97 for Nasdaq
|
| Final barrier levels: | 17,529.260 for Dow, 2,200.730 for S&P, 7,478.485 for Nasdaq; 50% of initial levels
|
| Pricing date: | July 27
|
| Settlement date: | July 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.125%
|
| Cusip: | 17329QJP6
|
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